After a six-week climb, U.S. stock indices paused on Tuesday, with investors stepping back amid stretched valuations and light macro headlines. The Dow Jones Industrial Average fell 138 points (-0.32%), while the S&P 500 dipped 0.39%, ending its six-day win streak. The Nasdaq 100 also dropped 0.48% as traders booked profits in high-flying tech stocks.
The Dow slipped to 42,747, pressured by declines in industrials and financials. While defensive stocks like UnitedHealth (+1.8%) and Merck (+0.96%) offered some cushion, losses in American Express, Goldman Sachs, and Chevron weighed heavily.
Technical View:
The S&P 500 closed at 5,940.46, down 0.39%, led lower by a retreat in tech names. Apple (-0.92%), Nvidia (-0.9%), and Microsoft (-0.15%) all pulled back, eroding the recent tech-led gains.
Despite this, the index has rallied over 20% since April lows, supported by easing tariff concerns and improved economic stability.
Key Levels:
Sector Spotlight:
Healthcare stocks outperformed, with Regeneron (+3.2%) and Gilead (+2.8%) leading gains. The sector rose 0.27%, highlighting investor rotation into more defensive plays.
The Nasdaq 100 slid to 21,423, retreating from recent highs as enthusiasm for high-growth tech names waned. Super Micro Computer (-4.5%), Airbnb (-3.2%), and Amazon (-1.01%) led the decline, while Nvidia also gave back recent gains.
Technical Signals:
Market participants are now turning their attention to:
With major indices sitting just below resistance and momentum stretched, macro data will be crucial to determine whether this rally resumes or takes a deeper breather.
Stay Updated with Daily Forex Pakistan.
Explore how Bitcoin’s long- and short-term cost basis helps identify market tops, bottoms, and investor…
The Japanese Yen remains stable amid mixed economic indicators, while USD/JPY shows signs of downside…
Divergences can hint at market shifts but aren’t standalone trade signals. Learn how to apply…
EUR/USD remains firm around 1.1700 as worries over Fed independence weigh on the US dollar,…
Bitcoin bounces back as Ethereum network activity increases, while Pi Network faces mounting pressure amid…
Gold and silver prices hold steady as markets await the upcoming US PCE inflation data…